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the sound bite from majority leader harry reid but he said he grew up in a town filled with brothels. you know he's from nevada near las vegas area and so he's used to quote salty language and so this didn't offend him but he said, wolf, that the speaker should know who is sitting on their posterior. if this is the language they are using before the cuts go into effect this may be a more exciting story. >> how effective has the president been in delivering this hard hitting message basically totally blaming the republicans for refusing to compromise? >> well, the goal here is to make this really feel, make americans realize how much this will hit home and how much the budget cuts will impact their own pocketbook. the latest polling shows that's had mixed results. right now 60, 6-0 percent of americans believe these forced spending cuts will hurt the overall economy. only 30% think it will have a major impact on their own personal finances. and politicians, insiders, both democrats and republicans tell me they think more americans have to really feel it in the pocketbook before democrats a
york times." he begins with these words. on july 26, 2011, jack lew went to harry read's budget for a session. according to bob woodward's book, they came up with a trigger idea to force a budget deal. what's the idea, reid asked? sequestration, lew said. reid folded himself over with his head between his knees as if he was going to throw up. here's the question. if this is such a horrible idea, sequestration or these forced budget cuts, why did the white house come up with this idea to begin with? >> well, as you remember, wolf, in the summer of 2011, we were facing a situation where the nation was about to default for the first time in its history because republicans were refusing to agree to a balanced approach to a deficit reduction. both sides were looking for a way to craft a deal that would avoid default and a trigger mechanism. sequestration, which is a word that most americans have never heard before, is simply a way of crafting policy that was so onerous that would cause cuts that nobody liked, republicans or democrats, and because of that they would compel the prospec
Search Results 0 to 3 of about 4 (some duplicates have been removed)